#311: The Land Boom

10.04 MB

Podcast

Podcaster

Planet Money

The economy explained.

Englisch , Wirtschaft , Nachrichten

Beschreibung

vor 14 Jahren

On today's show, we visit a place where global economic forces converge: Colo, Iowa.The price of farmland in Iowa has doubled in the past few years. People rush to outbid each other at real-estate auctions, and land owners become millionaires in a matter of minutes.We look visit an auction, look at the broader economic picture, and ask an unavoidable question: Is it a bubble?